Apple (AAPL) to Launch iPad in Spring 2012
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Price: $316.22 +0.90%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
Revenue Growth %: +15.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
Revenue Growth %: +15.8%
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Looks like March or April 2012 is going to be a magical time of year for some tech fans. That's when Apple's (Nasdaq: AAPL) next-generation iPad is expected to hit shelves.
According to Digitimes, contacts in Apple's supply chain have suggested that the new iPad will be available in 3 to 4 months. The suppliers have begun shipping parts and components to OEMs in preparation of the launch.
Conversely, production of iPad 2 components will start winding down, from 14 to 15 million units expected in the fourth-quarter, to just 4 to 5 million units in the following quarter.
Digitimes also cites China's Commercial Times in saying that long-time Apple supplier, Foxconn, will begin production of the next iPad in January, and ramp that up in February in preparation of the launch. IPad 3 production should reach 9.5 to 9.8 million units in the first-quarter of 2012, already meeting the pace of 40 million units estimated to be sold of the iPad/iPad 2 in 2011.
Previous versions of the iPad have also launched in the spring, starting with the original device in April 2010.
Apple shares are slightly lower early Monday.
According to Digitimes, contacts in Apple's supply chain have suggested that the new iPad will be available in 3 to 4 months. The suppliers have begun shipping parts and components to OEMs in preparation of the launch.
Conversely, production of iPad 2 components will start winding down, from 14 to 15 million units expected in the fourth-quarter, to just 4 to 5 million units in the following quarter.
Digitimes also cites China's Commercial Times in saying that long-time Apple supplier, Foxconn, will begin production of the next iPad in January, and ramp that up in February in preparation of the launch. IPad 3 production should reach 9.5 to 9.8 million units in the first-quarter of 2012, already meeting the pace of 40 million units estimated to be sold of the iPad/iPad 2 in 2011.
Previous versions of the iPad have also launched in the spring, starting with the original device in April 2010.
Apple shares are slightly lower early Monday.
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